Ex-Banker Heads Up ‘Broad’ Effort at Boosting Women in Business

Ex-Banker Heads Up ‘Broad’ Effort at Boosting Women in Business


When Sallie Krawcheck‘s relationship with her boss, then- Citigroup Inc. C -2.30% Chief Executive Vikram Pandit, soured in 2008, she called Zoe Cruz to meet for lunch.

Both had worked for Mr. Pandit and were two of the most powerful women on Wall Street, Ms. Krawcheck overseeing wealth management at Citi, and Ms. Cruz as the former co-president of Morgan Stanley. Until that lunch, they had never met; Ms. Krawcheck realized they should have done so sooner.

“That wasn’t the right time to have established that relationship,” Ms. Krawcheck recalled at a conference recently. “My generation of women on Wall Street, I think we did a poor job of connecting with each other.”

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